The Risks of Daily Monitoring Investments

Monitoring investment accounts daily can lead to emotional stress and anxiety, particularly when market fluctuations result in inconsistent emotional responses. Evidence suggests that more frequent checking, like daily updates, does not necessarily yield better long-term results, as the markets only show gains about 53% of the time on a daily basis. In contrast, individuals who adopt less frequent checking schedules, such as monthly or yearly reviews, tend to see significant growth in their accounts without the psychological toll of daily observation. The key takeaway is that reducing the frequency of account checks can help maintain a more stable emotional state and encourage a focus on long-term financial goals.